Benchmarking the future: a dynamic, multi-regional, multi-sectoral trade model for the analysis of climate policies

Gernot Klepper and Katrin Springer

No 976, Kiel Working Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: For analyzing the impact of climate change and of international climate policies on the international division of labor and on regional welfare the use of a disaggregated multi–sectoral, multi–regional dynamic computable general equilibrium model is appropriate. This paper discusses the problems of defining an appropriate benchmark against which policy simulations and climate change impacts can be assessed. It explicitly considers regionally differentiated growth rates by basing the development of the parameters which determine human and physical capital growth, technical progress and technology diffusion as well as savings decisions on historical developments and estimates in the literature. A sensitivity analysis of important parameters is performed.

Keywords: human capital; physical capital; calibration; energy supply; GTAP data set; off-steady-state growth (search for similar items in EconPapers)
JEL-codes: C68 F43 O1 O3 O41 Q48 (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:976

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